Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2901). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of down trend is expected.
. The price is above the 21-Day...
Midterm forecast:
. While the price is below the resistance 43.60, beginning of downtrend is expected.
. We make sure when the support at 30.85 breaks.
. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
Midterm forecast:
1939.45 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 2000.00, 1970.20 and minimum to Major Support (1939.45) is...
Blue horizontal line : importance levels
Orange horizontal lines : buffer levels
Blue diagonal lines : trendlines
Pink boxes : buffer/reversal zones
Disclaimer : This chart is just my anticipation for the upcoming week. I do not recommend following or trading on the basis of this chart.
Blue horizontal line : importance levels
Orange horizontal lines : buffer levels
Blue diagonal lines : trendlines
Pink boxes : buffer/reversal zones
Disclaimer : This chart is just my anticipation for the upcoming week. I do not recommend following or trading on the basis of this chart.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.664). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested Resistance line (1.1819). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3333). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Nifty - Technical Analysis:
Nifty had a gap-down opening on hourly charts and remained within a range throughout the day.
On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets.
9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the...
